NOT LISTED FOR SALE

404 E Barnard St West Chester, PA 19382

Estimated Value: $542,000 - $865,000

-- Bed
3 Baths
2,360 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 11, 2021

Last sale price $552,000 $234 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,012/month

Highlights

  • Carriage House
  • No HOA
  • Electric Baseboard Heater
  • East Goshen Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

Two totally rehabbed buildings. The main house is two-story three-bedroom colonial style home. Open floor plan on the first floor with plenty of natural light. Central air in main house. Pleasant front porch and large deck out back. In the back there is a two-story carriage home. With two bedrooms two full baths and plenty of living space. four or five off street parking spaces. Great for an owner occupant to live in one and rent out the other. for an investor it projects a 6 1/2% cap rate. Units are vacant. Projected rents are 1900/month for the carriage house and 2000/month for the main house. Separate utilities. Good boro location, an easy walk to center of town.

Last Agent to Sell the Property

Tom Kerrigan

(610) 322-9514 tom.kerrigan@lnf.com EXP Realty, LLC License #AB061697 Listed on: 12/14/2020

EXP Realty, LLC

Co-Listed By

Brian McFadden

(215) 620-9784 brian@115group.com RE/MAX Direct

Last Buyer's Agent

Mike Ciunci

(610) 256-1609 mikeciunci@kw.com KW Greater West Chester License #RS301836

KW Greater West Chester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,689

Year Built

  • Built in 1900 | Remodeled in 2020

Lot Details

  • 5,500 Sq Ft Lot

Home Design

  • Carriage House
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Tax Lot 0796
  • Assessor Parcel Number 01-09 -0796

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals
  • Gross Income $46,800
  • Net Operating Income $40,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,689

Year Built

Built in 1900 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Carriage House, Colonial
  • Ownership: Fee Simple
  • Inclusions: appliances
  • New Construction: No
  • Expected On Market: 2020-12-14
  • Year Built: 1900
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Two totally rehabbed buildings. The main house is two-story three-bedroom colonial style home. Open floor plan on the first floor with plenty of natural light. Central air in main house. Pleasant front porch and large deck out back. In the back there is a two-story carriage home. With two bedrooms two full baths and plenty of living space. four or five off street parking spaces. Great for an owner occupant to live in one and rent out the other. for an investor it projects a 6 1/2% cap rate. Units are vacant. Projected rents are 1900/month for the carriage house and 2000/month for the main house. Separate utilities. Good boro location, an easy walk to center of town.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2960
  • Living Area Sq Ft: 2360
  • Price Per Sq Ft: 241.10
  • Above Grade Finished Sq Ft: 2360
  • Below Grade Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 404

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Carriage House
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: WEST CHESTER AREA
  • School District Key: 300200397342
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 54530.00
  • Land Assessed Value: 25470.00
  • Land Use Code: R10
  • Lot Size Acres: 0.13
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5500.00
  • Year Assessed: 2021
  • Zoning: NC

Rental Info

  • Existing Lease Type: None
  • Owner Pays: Insurance, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 222979
  • School Tax: 1733.00
  • Tax Annual Amount: 2689.00
  • Assessor Parcel Number: 01-09 -0796
  • Tax Lot: 0796
  • Tax Total Finished Sq Ft: 1216
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/11/2021

Multi Family

  • Number Of Units Vacant: 2
  • Gross Scheduled Income: 46800.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: WEST CHESTER AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2020
Closed on
Mar 4, 2021
Sold by
Equity Trust Company
Bought by
Plunkett Garret and Plunkett Beth
Seller's Agent
Tom Kerrigan
EXP Realty, LLC
Buyer's Agent
Mike Ciunci
KW Greater West Chester
List Price
$599,000
Sold Price
$552,000
Premium/Discount to List
-$47,000
-7.85%
Current Estimated Value
$691,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,799
Avg. Annual Appreciation
5.02%
Original Mortgage
$414,000
Outstanding Balance
$371,310
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$320,489

Purchase Details

Closed on
Aug 27, 2020
Sold by
Perry Horton M and Perry Chandler L
Bought by
Equity Trust Company

Purchase Details

Closed on
Apr 6, 2013
Sold by
Harton M Phillip and Perry Chandler L
Bought by
Harton M Phillip and Perry Chandler L

Purchase Details

Closed on
Nov 29, 2012
Sold by
Horton M Phillip
Bought by
Horton M Phillip and Perry Chandler L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2003
Sold by
Horton M Phillip and Horton Regina D
Bought by
Horton M Phillip

Purchase Details

Closed on
May 7, 2003
Sold by
Horton M Phillip and Horton Regina D
Bought by
Horton M Phillip and Horton Regina D

Purchase Details

Closed on
Jan 16, 1998
Sold by
Porter Bertha
Bought by
Horton M Phillip and Horton Regina D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Plunkett Garret $552,000 None Available
Equity Trust Company $290,000 Manito Abstract Company Inc
Harton M Phillip -- None Available
Horton M Phillip -- None Available
Horton M Phillip -- --
Horton M Phillip -- --
Horton M Phillip $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plunkett Garret $414,000
Previous Owner Horton M Phillip $293,000
Previous Owner Horton M Phillip $142,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $552,000 -3.0% $234 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
01/24/2021 01/24/21 Price Changed $569,000 -5.0% $241 / Sq Ft
12/14/2020 12/14/20 For Sale $599,000 -- $254 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,265 $121,600 $25,470 $96,130
2024 $4,265 $121,600 $25,470 $96,130
2023 $4,218 $121,600 $25,470 $96,130
2022 $4,172 $121,600 $25,470 $96,130
2021 $2,689 $80,000 $25,470 $54,530
2020 $2,639 $80,000 $25,470 $54,530
2019 $2,608 $80,000 $25,470 $54,530
2018 $2,561 $80,000 $25,470 $54,530
2017 $2,514 $80,000 $25,470 $54,530
2016 $1,786 $80,000 $25,470 $54,530
2015 $1,786 $80,000 $25,470 $54,530
2014 $1,786 $80,000 $25,470 $54,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT526166

Bright MLS

APN: 01-009-0796.0000